Arete Wealth Advisors LLC Acquires Shares of 16,218 The Home Depot, Inc. (NYSE:HD)

Arete Wealth Advisors LLC purchased a new stake in shares of The Home Depot, Inc. (NYSE:HD) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 16,218 shares of the home improvement retailer’s stock, valued at approximately $6,544,000.

Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in Home Depot by 10.6% during the 3rd quarter. Toronto Dominion Bank now owns 612,888 shares of the home improvement retailer’s stock valued at $248,342,000 after acquiring an additional 58,652 shares during the last quarter. Chiron Investment Management LLC acquired a new position in Home Depot in the third quarter worth about $2,406,000. Coldstream Capital Management Inc. increased its holdings in Home Depot by 7.3% in the third quarter. Coldstream Capital Management Inc. now owns 36,118 shares of the home improvement retailer’s stock valued at $14,644,000 after buying an additional 2,450 shares during the last quarter. Orion Capital Management LLC grew its position in shares of Home Depot by 2.3% in the 3rd quarter. Orion Capital Management LLC now owns 2,179 shares of the home improvement retailer’s stock worth $883,000 after acquiring an additional 50 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Home Depot by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 21,700,427 shares of the home improvement retailer’s stock valued at $8,767,449,000 after acquiring an additional 433,126 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Stock Down 1.5 %

NYSE:HD opened at $422.57 on Wednesday. The business’s fifty day moving average price is $411.09 and its 200 day moving average price is $376.09. The firm has a market capitalization of $419.76 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 2.98 and a beta of 1.03. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 8.65. The Home Depot, Inc. has a 1-year low of $323.77 and a 1-year high of $439.37.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 12th. The home improvement retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.64 by $0.14. The business had revenue of $40.22 billion during the quarter, compared to analysts’ expectations of $39.31 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $3.81 earnings per share. On average, sell-side analysts forecast that The Home Depot, Inc. will post 15.12 earnings per share for the current fiscal year.

Home Depot Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $9.00 annualized dividend and a dividend yield of 2.13%. Home Depot’s dividend payout ratio is 61.14%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HD shares. UBS Group raised their price objective on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Sanford C. Bernstein assumed coverage on Home Depot in a report on Tuesday, October 22nd. They set a “market perform” rating and a $451.00 target price for the company. Piper Sandler increased their price target on Home Depot from $387.00 to $455.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Stifel Nicolaus upped their price objective on Home Depot from $375.00 to $400.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Bank of America upped their price target on shares of Home Depot from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $426.00.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 100 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $402.58, for a total value of $40,258.00. Following the transaction, the executive vice president now directly owns 12,465 shares in the company, valued at approximately $5,018,159.70. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Teresa Wynn Roseborough sold 22,084 shares of Home Depot stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $408.91, for a total value of $9,030,368.44. Following the completion of the transaction, the executive vice president now owns 20,404 shares in the company, valued at $8,343,399.64. The trade was a 51.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,188 shares of company stock valued at $15,624,585 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.